The correct answer is: International Bank for Reconstruction and Development Organisation (IBRD).
The IBRD is a specialized agency of the United Nations that provides loans to developing countries for capital programs. It was founded in 1944 at the Bretton Woods Conference to help finance the reconstruction of Europe after World War II. The IBRD is one of the five institutions that make up the World Bank Group.
The IBRD’s mission is to fight poverty and improve living standards for people in the developing world. It does this by providing loans, policy advice, and technical assistance to governments and private sector organizations. The IBRD’s loans are used to finance a wide range of development projects, including infrastructure, education, health, and agriculture.
The IBRD is committed to helping countries achieve sustainable development. It does this by supporting projects that promote economic growth, reduce poverty, and protect the environment. The IBRD is also working to help countries adapt to climate change and build resilience to shocks and stresses.
The IBRD is a valuable partner for developing countries. It provides them with access to finance and technical assistance that they would not otherwise have. The IBRD’s work has helped to improve the lives of millions of people around the world.
The other options are incorrect because they are not concerned with promoting the growth of international trade and equilibrium in balance of payments.
- The United Nations Industrial Development Organisation (UNIDO) is a specialized agency of the United Nations that promotes industrial development and the transfer of technology to developing countries.
- The International Development Association (IDA) is a specialized agency of the World Bank Group that provides grants and low- or no-interest loans to the poorest countries.
- The United Nations Development Programme (UNDP) is a United Nations agency that helps countries to achieve sustainable development.
I hope this helps!